MARKET INFRASTRUCTURE

    Fintech / Regtech

    MAS Sets Out Expectations on Third Party Risk Management 

    By Editors | 08/08/2022

    MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

    Big Picture

    Activity-based & Entity-based Regulation Reinforce Each Other’s Effectiveness

    By Editors | 05/08/2022

    A new paper from the Financial Stability Institute says neither entity-based nor activity-based regulation is in and of itself the optimal choice.

    Market Infrastructure

    ASX: Launch of New CHESS Platform Delayed Until Late 2024

    By Editors | 04/08/2022

    Accenture to provide an independent review of the new CHESS application and help ASX determine a new launch schedule.

    Market Infrastructure

    China’s Security Assessment for Cross Border Data Transfers

    By Jingyuan Shi | 03/08/2022

    Jingyuan Shi and Yuchen Lai discuss how security assessments should be completed under China’s latest rules on cross-border data transfers.

    Market Infrastructure

    Guidance Issued for US Transition to T+1 Securities Settlement

    By Editors | 02/08/2022

    DTCC, SIFMA  and ICI have published guidance to help market participants prepare for the US transition to a T+1 securities settlement cycle in 2024.

    Big Picture

    CPMI Explores Options, New Solutions to Increase PvP Adoption

    By Editors | 02/08/2022

    CPMI received “numerous promising proposals” for new solutions that may be capable of processing FX transactions that currently settle on a non-PvP basis.

    Capital / Liquidity

    China New Futures and Derivatives Law Takes Effect

    By Manesh Samtani | 02/08/2022

    On the same day, ISDA published a netting opinion providing legal certainty that close-out netting is enforceable in China.

    Market Infrastructure

    End of an Era for LIBOR Opens the Way for AONIA to Make its Mark in Australia

    By Pieter Bierkens | 01/08/2022

    Australia may see a shift away from BBSW to AONIA for products like cross-currency swaps and multi-currency lending facilities, says CBA’s Pieter Bierkens.

    Market Infrastructure

    SGX, NSE Formally Launch Trading Link at GIFT City

    By Editors | 01/08/2022

    NSE IFSC-SGX Connect is ready to trade and clear Nifty equity derivatives for global institutions, with seven SGX members already onboarded.

    Market Infrastructure

    HKMA Directs Banks to Ensure Resiliency of Payment Operations

    By Manesh Samtani | 31/07/2022

    Payment-related operational incidents have impacted banks, their customers, as well as other financial institutions, including in the securities sector.

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